OurCrowd is proud to announce the funding for our 1st U.S. portfolio company Lucid Energy Inc., a provider of renewable energy systems. Lucid Energy’s patented LucidPipe™ Power System enables industrial, municipal and agricultural facilities to generate clean, reliable, low-cost electricity from the water grid.

“We are thrilled to be working with OurCrowd,” said Gregg Semler, CEO of Lucid Energy Inc. “The speed and efficiency of the OurCrowd platform – which has brought entrepreneurial investors to us from as far away as Israel, New York, Brazil and Australia – is amazing.”

Lucid Energy, based in Portland, Oregon, was formed in 2007 as an innovative clean technology company focused on creating a new way for industries to turn the untapped energy of moving water into cost-saving, renewable energy.

“Water usage worldwide is growing rapidly, and in order to meet this demand, thousands of miles of water pipelines are being built in fast-developing countries while, at the same time, many of the world’s existing pipelines are aging and in dire need of repairs.”

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